A company that is intending on being sold makes people reduntant to make the books look better. The new owners go in and make even more cuts. The new owners sees that the company is not doing so well, so they sell and the whole thing happens all over again. Silly but true.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10712774
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